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<br />Lender may incur when Lender opts to exercise any of its remedies against any party obligated under the
<br />Leases.
<br />13. DEFAULT. Grantor will be in default if any of the following events (known separately and collectively as an
<br />Event of Default) occur:
<br />A. Payments. Grantor or Borrower fail to make a payment in full when due.
<br />B. Insolvency or Bankruptcy. The death, dissolution or insolvency of, appointment of a receiver by or on
<br />behalf of, application of any debtor relief law, the assignment for the benefit of creditors by or on behalf of,
<br />the voluntary or involuntary termination of existence by, or the commencement of any proceeding under any
<br />present or future federal or state insolvency, bankruptcy, reorganization, composition or debtor relief law by
<br />or against Grantor, Borrower, or any co-signer, endorser, surety or guarantor of this Security Instrument or
<br />any other obligations Borrower has with Lender.
<br />C. Death or Incompetency. Grantor dies or is declared legally incompetent.
<br />D. Business Termination. Grantor merges, dissolves, reorganizes, ends its business or existence, or a
<br />partner or majority owner dies or is declared legally incompetent.
<br />E. Failure to Perform. Grantor fails to perform any condition or to keep any promise or covenant of this
<br />Security Instrument.
<br />F. Other pocuments. A default occurs under the terms of any other document relating to the Secured
<br />Debts.
<br />G. Other Agreements. Grantor is in default on any other debt or agreement Grantor has with Lender.
<br />H. Misrepresentation. Grantor makes any verbal or written statement or provides any financial information
<br />that is untrue, inaccurate, or conceals a material fact at the time it is made or provided.
<br />I. Judgment. Grantor fails to satisfy or appeal any judgment against Grantor.
<br />J. Forfeiture. The Property is used in a manner or for a purpose that threatens confiscation by a legal
<br />authority.
<br />K. Name Change. Grantor changes Grantor's name or assumes an additional name without notifying Lender
<br />before making such a change.
<br />L. Property Trensfer. Grantor transfers all or a substantial part of Grantor's money or property. This
<br />condition of default, as it relates to the transfer of the Property, is subject to the restrictions contained in
<br />the DUE ON SALE section.
<br />M. Property Value. Lender determines in good faith that the value of the Property has declined or is
<br />impaired.
<br />N. Material Change. Without first notifying Lender, there is a material change in Grantor's business,
<br />including ownership, management, and financial conditions.
<br />O. Erosion. Any loan proceeds are used for a purpose that will contribute to excessive erosion of highly
<br />erodible land or to the conversion of wetlands to produce or make possible the production of an agricultural
<br />commodity, as further explained by federal law.
<br />P. Insecurity. Lender determines in good faith that a material adverse change has occurred in Borrower's
<br />financial condition from the conditions set forth in Borrower's most recent financial statement before the
<br />date of this Security Instrument or that the prospect for payment or performance of the Secured Debts is
<br />impaired for any reason.
<br />14. REMEDIES. On or after the occurrence of an Event of Default, Lender may use any and all remedies Lender
<br />has under state or federal law or in any document relating to the Secured Debts, including, without limitation,
<br />the power to sell the Property. Any amounts advanced on Grantor's behalf will be immediately due and may
<br />be added to the balance owing under the Secured Debts. Lender may make a claim far any and all insurance
<br />benefits or refunds that may be available on Grantor's default.
<br />Subject to any right to cure, required time schedules or any other notice rights Grantor may have under federal
<br />and state law, Lender may make all or any part of the amount owing by the terms of the Secured Debts
<br />immediately due and foreclose this Security Instrument in a manner provided by law upon the occurrence of an
<br />Event of Default or anytime thereafter.
<br />If there is an occurrence of an Event of Default, Trustee will, in addition to any other permitted remedy, at the
<br />request of Lender, advertise and sell the Property as a whole or in separate parcels at public auction to the
<br />highest bidder for cash. Trustee will give notice of sale including the time, terms and place of sale and a
<br />description of the Property to be sold as required by the applicable law in effect at the time of the proposed
<br />sale.
<br />To. the extent not prohibited by law, Trustee will apply the proceeds of the Property's sale in the following
<br />order: to all fees, charges, costs and expenses of exercising the power of sale and the sale; to Lender for all
<br />advances made for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon;
<br />to the Secured Debts' principal and interest; and paying any surplus as required by law. Lender or its designee
<br />may purchase the Property.
<br />Upon any sale of the Property, Trustee will make and deliver a special or limited warranty deed that conveys
<br />the property sold to the purchaser or purchasers. Under this special or limited warranty deed, Trustee will
<br />covenant that Trustee has not caused or allowed a lien or an encumbrance to burden the Property and that
<br />Trustee will specially warrant and defend the Property's title of the purchaser or purchasers at the sale against
<br />all lawful claims and demand of all persons claiming by, through or under Trustee. The recitals in any deed of
<br />conveyance will be prima facie evidence of the facts set forth therein.
<br />KENNETH A KOHLHOF
<br />Nebraska Deed Of Trust
<br />NE/4AMOSEMAN000 000000006 21 06 6 0608 1 1 N Wolters Kluwer Financial Services m1996, 2011 Bankers SystemsT'" Page 4
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